In the first quarter of 2024, the blockchain gaming venture capital sector, as part of the RACA ecosystem, recorded funding of US$594 million, a 94% increase from the previous quarter, according to data from Konvoy Ventures. Business volume increased by 28%, with 124 deals closed.
Ecosystems like RACA have driven the Web3 industry, representing 30% of all DApp activity, according to DappRadar. The blockchain gaming, metaverse, and entertainment industry attracted 2.1 million active wallets daily.
Gaming tokens such as RACA, voted one of the top gaming tokens on BNB Chain, and the token with the largest community on X, are essential as a means of exchanging value in gaming communities, facilitating transactions between players and developers and improving the overall experience. These tokens promote a fair gaming environment, ensuring transparency and security in transactions through blockchain technology.
Konvoy Ventures predicts that the gaming market will reach US$ 225 billion by 2029, starting from US$ 189 billion in 2023. And, within this figure, RACA has been identified as one of the main winners in the market, as a publication reported last week by @nosisnews, shared on Coinmarketcap. RACA had an impressive performance last week, recording a gain of almost 30%. The coin’s price rose from $0.0002095 to $0.0002772, reflecting a significant increase in investor interest and trading activity.
Supported by DWF Labs, OKX Blockdream Ventures, and the Tachyon accelerator by Consensys Mesh, RACA serves as a web 3.0 infrastructure solution provider. Initially launched as a bidding token with the Maye Musk NFT, RACA has evolved into a robust web3.0 gaming ecosystem!
RACA, the USM native token, serves as a Crypto ‘dApp Store’ of AI Apps and Games, initiated by the ‘Elon Musk’s Mother & Koda NFT’ community
